Dow posts 8-day winning streak as US-China trade concerns abate

"For the President to become suddenly concerned about Chinese jobs is quite a volte-face," said Jonathan Fenby, chairman of China research at TS Lombard. "The most probable explanation can only be that he wants to butter up Xi with a concession on the trade front to get China's help to make [North Korean leader] Kim Jong-un amenable to a deal at the Singapore summit, in an application of linkage he advanced last year of Korea and China trade issues."